Most of “FinTok” is hype. FinTok is a community on TikTok that offers tips and tricks to get rich quick… It shows clips of kids who look 17 standing in front of digital backgrounds of six trading screens, acting as if it’s their real work environment.
Some go “supercar” shopping. Others share photos of themselves on private jets… which are likely taken on studio sets that you can rent for Instagram photo shoots.
When the FinTok videos do discuss finance, the facts are dead wrong. And as I’ll explain, following these influencers’ advice could be disastrous for your portfolio…
This post originally appeared at DailyWealth.